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Property profile & analytics
FOR LEASE
Office buildings
105 Rowayton Ave Norwalk, CT 06853
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1015860
For Lease
1 / 2
$3,895,000
105 Rowayton Ave, Norwalk, CT 06853
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
16,620 SF
Lot
0.45 ac (19,646 SF)
Zoning code
B3
APN
NORW M:6 B:1D L:17
UPID
US15-1015860
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rowayton Marine Works Inc Marina
-
Viridian Capital Partners Loan Service
-
Rowayton Marine Realty Inc Llc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$3.90M
Owner & transaction history
Rowayton One Eleven LLC · 3 yrs held
Rowayton One Eleven LLC
since 2023
4 recorded transactions
Zoning & alternative use
B3 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+18.2%
Commercial (general)
$4.0M
+11.1%
Auto repair, garage
$3.9M
+7.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,615,000
Current use
RESTAURANT
$4,270,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,015,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,885,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$3,090,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$126,553
Tax year 2023
Assessed value
$5,289,560
Assessed 2023
Previous assessed
$5,289,560
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$3,034,850
Assessed improvement
$2,254,710
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
7
Bathrooms
7
Total area
16,620 SF
Lot
0.45 ac (19,646 SF)
Zoning code
B3
APN
NORW M:6 B:1D L:17
UPID
US15-1015860
Jurisdiction
NORWALK
Zoning & alternative use
B3 · Norwalk, CT
Zoning B3 · permitted uses
B3 · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.6M
RESTAURANT
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
7
Bathrooms
7
Lot
0.45 ac
Current owner
From public records · entity-resolved
Rowayton One Eleven LLC
Entity
Mailing address
105 ROWAYTON AVE, NORWALK, CT 06853-1436
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
—
Rowayton One Eleven LLC
—
Deed
related
$1,250,000 · Fairfield County Bank
Apr 11, 1994
—
Rowayton Marine Realty
—
Deed Of Trust
related
$700,000 · Gateway Bank
Apr 23, 1992
—
Rowayton Marine Realty
—
Deed Of Trust
related
$585,000 · Zuckerman Family Nomi
Mar 5, 1987
—
Rowayton Marine Realty
—
Deed Of Trust
related
$3,500,000 · Gateway Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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